Caixin: Hearing for 60,000 Bitcoin Money Laundering Case Set for February 16, Involving Over 30 Billion Yuan and Nearly 130,000 Chinese Victims

Odaily News: The asset disposal process for the 60,000 Bitcoin money laundering case involving Qian Zhimin has reached a deadlock, with 8,300 Chinese victims applying for claims. Multiple law firms are representing clients and acting independently, which, in the view of the British judge, has led to issues such as duplicate submissions, repeated arguments, and prolonged procedures. Legal fees have also surged and will ultimately be borne by the Chinese victims. It is reported that on Chinese New Year's Eve and the first day of the Lunar New Year of the Bingwu Horse Year (February 16 and 17, 2026), the UK High Court will hold a hearing concerning over 30 billion yuan and nearly 130,000 Chinese victims. This is the highly anticipated asset disposal proceeding for the 60,000 Bitcoin money laundering case. Furthermore, given Bitcoin's significant price volatility, the market value of the 60,000 Bitcoins has shrunk from a high of approximately 54 billion yuan on October 6, 2025, to about 31 billion yuan in early February 2026. (Caixin Network)